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AdvantEdge backs exceptional founders and innovative companies across consumer sectors with a focus on mobility.
Rapido was founded in 2015 by Pavan Guntupalli, Rishikesh SR, and Aravind Sanka as theKarrier - an intra-city logistics aggregator.
We worked with the company as they pivoted to a bike-taxi marketplace, and partnered with them in 2016 as lead investors in their seed round.
Rapido has since emerged as the largest player in the Bike Taxi segment, ahead of Uber and Ola combined. The service is available in over 100 cities across India.
Other Investors: Westbridge Capital, Swiggy, Nexus Venture Partners, Shell, Hero Family Office
Chalo was founded in 2015 by Mohit Dubey, Nikhil Agarwal, and Vinayak Bhavnani as ZopHop.
We partnered with the company in 2017 as the company changed it’s name to Chalo.
Chalo is now India’s #1 bus transport technology company.
Other Investors: Waterbridge Ventures, Venture Highway, Avataar
Zingbus was founded in 2019 by Prashant Kumar, Ravi Verma, and Mratunjay Singh.
We lead Zingbus’ first round of funding in 2019 after working closely with the team to identify the most capital efficient GTM to become a category leader.
Zingbus is now India’s leading inter-city bus platform, covering over 500 cities in 18+ states across India, with a fleet of more than 350 buses.
Other Investors: Y Combinator, InfoEdge Ventures
Park+ was founded in 2019 by Amit Lakhotia.
We partnered with the company in Oct ‘21.
Park+ is India’s largest parking technology company, servicing 6 million cars, and 200K parking locations across India.
Other Investors: Peak XV (Sequoia), Matrix Partners, Epiq Capital
Exponent was founded in 2021 by Arun Vinayak and Sanjay Byalal.
We partnered with the team and invested in their first funding round in 2021.
Exponent operates the world’s fastest commercially deployed rapid-charging platform, charging commercial 3W vehicles in 15 minutes.
Other Investors: Lightspeed, YourNest, 3one4 Capital
Baaz was founded in 2019 by Anubhav Sharma, Shubham Srivastava, Karan Singla, and Abhijeet Saxena - a team of IIT Delhi students who worked on Formula-E race cars.
Since it’s inception, the team was mentored by Ashish from our fund, who helped the team build a commercially viable platform of low-speed EVs for fleet use-cases.
AdvantEdge lead the first round of funding in the company in 2019.
Baaz now operates a full-stack platform of electric scooters and battery swap stations for gig delivery workers.
Other Investors: Kalaari, 9 Unicorns
Grip was founded in 2020 by Nikhil Aggarwal, Aashish Jindal, and Vivek Gulati - who were formerly building Chalo (we partnered with them in 2017)
We partnered with Grip in 2021.
Grip is India’s leading alternate investment platform, with USD 90M+ of investments enabled, and a community of 250K+ investors.
Other Investors: Venture Highway, Endiya, Stride Venture, Nueva LC
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Zeno, founded in 2022 by Tesla alumnus Michael Spencer, is a transformative energy and electric mobility company focused on emerging markets like East Africa and India.
Advantedge partnered with the company in 2024 during their initial funding round
The company is building a comprehensive battery-as-a-service (BaaS) ecosystem, integrating swappable battery technology with electric vehicles to address challenges such as unreliable energy, expensive fuel, and high upfront costs of electric mobility.
Jar was founded in 2019 by Nishchay Ag, and Misbah Ashraf.
We partnered with the company in 2021.
Jar has grown to become India’s largest digital savings platform.
Other Investors: Tiger Global, Arkam Ventures, Tribe Capital, WEH Ventures
Astranova (formerly Electrifi) was founded in 2023 by Kunal Mundhra and Nikhil Aggarwal
We partnered with the company in 2023 during their first round of funding
Astranova is an EV lease financing company
Co-Investors: ADB Ventures
Pulse Energy was founded in 2020 by Akhil Jp, and Devang Mistry.
We partnered with the company in 2023 during their first funding round.
Pulse Energy is a platform for EV fleets and charge point operators.
Other Investors: Peak XV
Ambak was founded in 2023 by Raghuveer Malik, Rameshwar Gupta and Rashi Garg.
We partnered with the company in 2023 during their first funding round.
Ambak is a full stack lending marketplace for real estate agents in India.
Co-Investors: Peak XV, Z47 (Matrix Partners)
Moonrider was co-founded by Anoop Srikantaswamy (Co-Founder & CEO) and Ravi Kulkarni (Co-Founder & COO) in August 2023.
The Bengaluru-based company focuses on developing heavy-duty electric tractors that are cost-effective, sustainable, and designed to enhance farming efficiency. By achieving price parity with diesel tractors, Moonrider aims to empower farmers with zero-emission solutions while significantly reducing operational costs.
We partnered with the company in 2024 during their first funding round.
Co-Investors: Micelio Technology Fund
Sheru was founded in 2019 by Ankit Mittal, Nakul Mehan, and Shikhar Sharma - who formerly worked as battery-tech experts at GreyOrange.
We first met the team in 2017, when they pitched a high-speed electric motorbike OEM called “42 Energy”, and worked with them as they pivoted several times in pursuit of product-market-fit.
In 2019, we partnered with Sheru as lead investors in their first funding round, after the team left their jobs to focus full-time on their own company.
Sheru has become India’s #1 energy banking platform, aggregating distributed energy storage capacity for V2G power management.
Other Investors: Micelio, Smile
TyrePlex was founded in 2020 by Puneet Bhaskar, Jiveshwar Sharma, Nikhil Kalra, and Rupendra Singh.
We partnered with the company in 2021, as lead investors in their first institutional funding round.
Tyreplex has become India’s #1 B2B tyre marketplace.
Other Investors: 9 Unicorns
Bytebeam was founded in 2019 by Gautam BT, Raviteja K, and Bharadwaaj R.
We partnered with the company during their first venture funding round in 2022.
Bytebeam makes it 10X simpler and quicker for developers to build cutting-edge smart IoT products.
Other Investors: Accel, Together Capital
Skylark Drones was founded in 2014 by Mughilan Thiru Ramasamy and Mrinal Pai.
We partnered with the company during their first venture funding round in 2021.
Skylark operates a drone platform for worksite analytics.
Other Investors: InfoEdge, IAN
Nakad was founded in 2021 by Ujwal Kalra and Sambhav Jain.
We partnered with the company in their first funding round in 2022.
Nakad helps businesses with AR reconciliation and tokenization of supply chain financing.
Other Investors: Accel, Matrix Partners
Front.Page was founded in 2017 by Avijit Sharma and Apoorva Singh.
We had been in touch with the team as they iterated on various community apps, and ultimately partnered with them at a pre-launch stage in 2018, as lead investors in their first funding round.
Frontpage is a community for traders and investors.
Other Investors: Smile, Y Combinator, Stellaris
Bombay Play was founded in 2018 by Oliver Jones and Abhas Saroha.
We partnered with the company in 2022 when the company raised it’s Series A.
Bombay Play is a hyper-social game developer and publisher.
Other Investors: Kalaari, Lumikai, Leo Capital
IndiaLends was founded in 2014 by Gaurav Chopra and Mayank Kachhwaha.
We partnered with the company in 2016.
Indialends helps users manage their credit scores, and get the lowest interest personal loans and credit cards.
Other Investors: DSG Consumer Partners, American Express
Tripoto was founded in 2013 by Anirudh Gupta and Michael Pargal Lyngdoh.
We partnered with the company in 2015.
Tripoto is India’s largest community of travelers.
Other Investors: Orchid Asia, Chiratae Ventures, 3one4 Capital, 500 Startups
Bytelearn was founded in 2021 by Aditya Singhal and Nishant Sinha.
We partnered with the company during their first funding round in 2021.
Bytelearn is an AI powered math teaching assistant.
Other Investors: Chiratae, Leo Capital, Better Capital
Wootz was founded in 2023 by Karan Anand and Himanshu Uniyal.
We partnered with the company in 2023 during their first funding round at a pre-product stage.
Wootz is a platform for cross-border value sourcing of engineering equipment and solutions.
Other Investors: Matrix Partners, Nexus Venture Partners
Intoglo was founded in 2022 by Ankur Agarwal, Sufal Roongta, Mrigank Singh, and Bharanidharan Viswanathan.
We partnered with the company in 2023 during their pre-series A round.
Intoglo is a tech-first cross-border logistics platform for brands and SMEs.
Other investors: India Quotient
GamingMonk was founded in 2014 by Ashwin Haryani and Abhay Sharma as an offline e-sports tournament platform.
We worked with the company on their GTM for an online e-sports platform, and partnered with them in 2017 as the first investors in the company.
Other Investors: Incubate Fund, Stellaris Venture Partners
Exited in 2021 (Acquired by MPL)
Smartivity was founded in 2015 by Ashwini Singh, Tushar A Amin and Apoorv Gupta.
We partnered with the company in 2016 during their seed round.
Smartivity creates STEM based educational toys.
Other Investors: Ashish Kacholia, S Chand Group
Exited in 2022
ScoopWhoop was founded in 2013 by Sattvik Mishra and Rishi Pratim Mukherjee.
We partnered with the company in 2015, during their Series A round.
ScoopWhoop is a digital media company with properties reaching 1bn+ monthly impressions.
Other Investors: Kalaari, Smile
Exited in 2021 (Acquired by The Good Glamm Group)
Shuttl was founded in 2015 by Amit Singh and Deepanshu Malviya.
We partnered with the company as lead investors in their first funding round.
Shuttl operates an app-based shuttle service for office commuters.
Other Investors: Sequoia, Lightspeed, Times Internet
Exited in 2021 (Acquired by Chalo)
IIMJobs was founded in 2008 by Tarun Matta.
We partnered with the company in 2016 during their Series A.
IIMJobs is a recruiting platform for management and IT professionals.
Other Investors: India Quotient, Vijay Shekhar Sharma
Exited in 2019 (Acquired by InfoEdge)
Massblurb was founded in 2014 by Sanket Shah and Pankit Chheda.
We partnered with the company in 2016 during their first funding round.
Massblurb operated cloud based marketing tools and business listings for local businesses.
Exited in 2016 (Acquired by Mobikon)
